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Russian Free Press

The euro rose to 90 rubles

April 7, 2023
in Daily News
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The euro rose to 90 rubles, this happened for the first time since April last year, according to the data of the Moscow Exchange.

The dollar exchange rate exceeded 82 rubles.

The weakening of the ruble is taking place against the backdrop of a recovery in imports and a fall in exports. Anton Kravchenko, head of the shares department of Pervaya Management Company,pointed out in an analysis on April 5 that another factor could be “a possible increase in demand from banks that are restoring their currency position after paying out Russian Eurobonds.”

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